Merchants Bank of Indiana
Overview / Commentary
Merchants Bank of Indiana is headquartered in Carmel and is the 8th largest bank in the state of Indiana. It is also the 306th largest bank in the nation. It was established in 1923 and as of June of 2017, it had grown to 150 employees at 5 locations. Merchants Bank of Indiana has an A health rating.
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Health
A
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 8056 |
| Year Established | 1923 |
| Employees | 150 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.84% |
| Return on Equity - YTD | 20.03% |
| Annual Interest Income | $41.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $3.09B$2.51B |
| Loans | Q2 2017vs Q2 2016 | $2.05B$1.68B |
| Deposits | Q2 2017vs Q2 2016 | $2.77B$2.25B |
| Equity Capital | Q2 2017vs Q2 2016 | $275.2MM$229.5MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $6.9MM$6.0MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $3.0MM$3.5MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$0 |
Rates
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Locations
| Merchants Bank of Indiana Locations | ||
|---|---|---|
| Indianapolis Bank Branch | 3737 East 96th Street | Indianapolis, IN 46240 |
| Spartanburg Branch | 6880 South Arba Pike | Lynn, IN 47355 |
| Merchants Bank Of Indiana | 11555 N. Meridian Street, Suite 400 | Carmel, IN 46032 |
| Merchants Bank Of Indiana Carmel Office Branch | 11590 North Meridian Street | Carmel, IN 46032 |
| Lynn Branch | 7375 South Us Highway 27 | Lynn, IN 47355 |